ConnectM Technology Solutions, Inc.

CNTMdata completeness 75%4 fiscal years on file

Data notes: no data for concept 'interestExpense'

i. The business — what you’d actually own

Figure	FY 2022	FY 2023	FY 2024	FY 2025
Revenue	—	$20M¹	$22.7M²	$35.8M²
Net income	−$3.76M³	−$9.15M⁴	−$22.6M⁵	−$16.2M⁵
Operating cash flow	−$623,336⁶	−$4.62M⁷	−$5.96M⁸	−$9.79M⁸
Capital expenditure	—	$41,771⁹	$27,044¹⁰	—
Free cash flow (derived)	—	−$4.66M⁷	−$5.99M⁸	—
Total debt	—	—	$8.54M¹¹	—
Cash & equivalents	$5,938¹²	$5,947¹²	$2.41M¹³	$2.9M¹³
Diluted shares	—	13.3M	19.1M	72.3M

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

ii. Your slice — ownership made literal

If you owned

Net assets behind them

−$0.21

your share of equity

Profit it earned you last year

−$2.25

Free cash flow it threw off

—

Debt you’d be carrying

—

10 shares is a claim on −$0.21 of net worth that earned you −$2.25 last year.

iii. Is this a good business?

Moat signal · return on equity

— avg · 4y

Not enough data in the filings for a return-on-capital reading.

Management signal · capital allocation

+442% shares · 4y

Share count is up 442% over 4 years — owners have been diluted. Worth asking what they got for it. Total debt has held roughly steady.

Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.

iv. What it’s worth — engine v0.1.0

DCF · Growth Exit 10Y

not applicable

only 2 years of FCF (need ≥3) — model not applicable

DCF · Growth Exit 5Y

not applicable

only 2 years of FCF (need ≥3) — model not applicable

Earnings Power Value

not applicable

normalized (5y-median) earnings non-positive — EPV undefined

Graham Number

not applicable

diluted EPS missing or non-positive — Graham Number undefined

Different models answer different questions — which to trust when →

Sources — the receipts